$7,066 Closing Credit*
$595,000
3,175 SqFt
4 Beds
•3 Full Baths
GAVIN K SHERWOOD, Listing Office: YES REALTY PARTNERS
Is North, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, North has remained a Seller's Market.
Key Takeaway
North is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North, VA
How much do homes in North, VA cost?
Median Sold Price
$517,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$107,000(+26.1%)
Key Takeaway
Homes in North have sold for 26.1% more than they did a year ago.
Summary: The median home sold price in North was $517,000 in December 2024, up 26.1% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | - | N/A |
| 2 Bedrooms | $316.2K | $485K | +53.4% |
| 3 Bedrooms | $381.8K | $519K | +35.9% |
| 4 Bedrooms | $709.7K | $449.9K | -36.6% |
| 5+ Bedrooms | $1.8M | - | N/A |
Summary: North housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 53.4%, 3 bedroom homes increased by 35.9%, 4 bedroom homes decreased by 36.6%, and 5+ bedroom homes did not change.
Housing Supply in North, VA
How many homes are available in North, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 26 | 22 | -15.4% |
Summary: The North real estate market had 22 homes for sale in December 2024, a 15.4% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The North housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in North in December 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for North, VA
How long does it take to sell a home in North, VA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 31 Days | 21 Days | -30.0% |
Summary: Homes in North had an average of 21 days on market in Dec 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 6 homes were sold in North; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.